It is going down the head 3
Post
KT-XRay
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$PIPPIN looking at the chart clearly sees the smell of "technical rebound after selling out" 👀
From the 0.85 range, it dropped straight down to 0.53, with a fairly strong selling force. Currently, it is fluctuating around 0.60 – meaning it is in the rebound zone but has not regained the upward structure. The recent candles have smaller bodies, and the volume is not explosive → the buying side is not really strong yet.
Notable zone:$POWER
0.53–0.55: the nearest bottom, if it breaks below, it can easily continue to drop.
0.66–0.70: strong resistance, if it goes up there with weak volume, be careful of being pushed back down.
If you are trading futures, this is not a good point to FOMO long. Wait for either a strong break above 0.66 with large volume or a retest of 0.55 to see how it reacts before deciding.
This chart is kind of... gasping for oxygen, not strong again yet 😅$GWEI
From the 0.85 range, it dropped straight down to 0.53, with a fairly strong selling force. Currently, it is fluctuating around 0.60 – meaning it is in the rebound zone but has not regained the upward structure. The recent candles have smaller bodies, and the volume is not explosive → the buying side is not really strong yet.
Notable zone:$POWER
0.53–0.55: the nearest bottom, if it breaks below, it can easily continue to drop.
0.66–0.70: strong resistance, if it goes up there with weak volume, be careful of being pushed back down.
If you are trading futures, this is not a good point to FOMO long. Wait for either a strong break above 0.66 with large volume or a retest of 0.55 to see how it reacts before deciding.
This chart is kind of... gasping for oxygen, not strong again yet 😅$GWEI
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